What happens if I start working for a CAAT Pension Plan employer AFTER the 24-month extension period?

If you begin employment with the same CAAT Pension Plan participating employer or with another participating employer after the 24-month extension period, and you have opted for a deferred pension, you will need to rejoin the Plan immediately.

Please note that if you have already received a refund of excess contributions, you must return this amount within six months of returning to work, so your final pension calculation will be based on the total number of years of service for both periods of participation. If you do not return the excess contribution amount paid to you, you will receive two pension payments: the locked-in deferred pension and the pension you accrued after returning to the CAAT Pension Plan.

If you transferred the commuted value of your pension benefit out of the Plan, you will need to buy back your old pension. Please note that, depending on the time elapsed and the performance of your investments since the withdrawal of the commuted value from the Plan, your funds may not be sufficient to cover the full cost of the buyback. In this case, you can make a partial buyback or a top-up payment using other funds. Please contact the Plan for more information.